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Knowledge CapitalismBusiness, Work, and Learning in the New Economy$
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Alan Burton-Jones

Print publication date: 1999

Print ISBN-13: 9780198296225

Published to Oxford Scholarship Online: October 2011

DOI: 10.1093/acprof:oso/9780198296225.001.0001

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PRINTED FROM OXFORD SCHOLARSHIP ONLINE (oxford.universitypressscholarship.com). (c) Copyright Oxford University Press, 2021. All Rights Reserved. An individual user may print out a PDF of a single chapter of a monograph in OSO for personal use. date: 14 May 2021

The Transition to Knowledge Capitalism

The Transition to Knowledge Capitalism

(p.219) Chapter 11 The Transition to Knowledge Capitalism
Knowledge Capitalism

Alan Burton-Jones

Oxford University Press

This chapter looks into how the rise of knowledge capital affects globalized competition, the changes in employment arrangements, the restructuring of firms and its ownership, and the falling demand for commodities and low knowledge-intensive products. Despite the upsurge of information in the media, society is still left eager for knowledge because of the lack of understanding of the notion of a knowledge-based economy and its implications on globalization, corporate restructuring, employment, and the like. Despite the efforts of government and corporate strategies to facilitate the understanding of this knowledge-based economy, this is hard to achieve without establishing the economic value of knowledge. This chapter presents the changes that have resulted from the shifting demands of firms for different skills and resources and explains the attempts that the government has made for these transitions.

Keywords:   knowledge capital, knowledge-based economy, economic value, government, corporate strategies, transition, information, understanding

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